Tokenized real-world assets hit $19-36 billion in early 2026, with forecasts exceeding $100 billion by year-end. Figure Technology Solutions advances this trend by introducing its tokenized stock. The company originates loans and trades assets on blockchain.
Figure debuts FGRD, a Series A Blockchain Common Stock, natively onchain. This enables instant settlements and programmable features.
Understanding Figure's Offering
Figure priced 4,375,000 shares at $32 each, upsizing by 145,000 shares. Total proceeds reach $150 million from 4,687,500 Class A shares sold.
Selling shareholders include venture firms like Pantera Capital. Figure repurchases 312,500 shares for $10 million using cash reserves.
The offering closed after SEC approval on February 17, 2026. Underwriters Goldman Sachs, Morgan Stanley, and Cantor managed the deal.
Blockchain-Native Features
FGRD operates on Figure's Onchain Public Equity Network. It bypasses traditional clearing for real-time transactions.
Investors access FGRD via the Figure Markets app or self-custody wallets. Holders can lend or borrow through the Democratized Prime DeFi protocol.
This differs from typical tokenized equities backed by offchain assets. FGRD represents actual equity with built-in compliance.
Market and adoption Implications
Figure's move bridges CeFi and , enhancing asset adoption. It allows fractional ownership and 24/7 trading in web3 environments.
According to Mike Cagney, Figure's executive chairman, public equity relies on outdated systems that add costs and risks.
He states that issuing FGRD onchain re-architects markets for transparency and efficiency. This reduces intermediaries in funding processes.
Industry analysts note tokenized assets focus on Treasuries and private credit. Onchain RWAs total $24 billion, backed by $365 billion in assets.
Regulatory and Security Landscape
The GENIUS Act of 2025 mandates full reserves for stablecoins, aiding tokenization security. The Clarity Act in 2026 defines digital commodities and registration rules.
These changes foster market confidence and reduce volatility. Programmable compliance in FGRD ensures regulatory adherence.
SEC's collaborative stance removes crypto from special risk categories. This supports technology integration in regulated markets.
Community Reactions and Trends
Social media highlights excitement around Figure's launch. Users discuss its impact on DeFi and traditional markets.
Another post emphasizes the onchain nature of FGRD alongside the $150 million raise.
Trends show institutional demand driving RWA tokenization. Ethereum holds 65% of the market share in early 2026.
Projections indicate secondary trading and price discovery ramping up. This could expand to NFTs and metaverse assets.
Figure originated over $22 billion in home equity loans using blockchain. Its platform serves banks and fintechs for onchain yields.
Future Outlook in Technology and Market
Tokenization lowers settlement risks and boosts transparency. It democratizes access to high-value assets.
In 2026, RWA shifts from pilots to active markets with sustained liquidity. Success metrics include trading volume beyond issuance.
This development highlights blockchain's role in modernizing finance. It promotes efficiency across DeFi, cefi, and broader market structures.
Figure's initiative underscores the convergence of web3 technology with traditional funding models. It paves the way for enhanced security, regulation compliance, and widespread adoption in the evolving market.
